Business
October 13, 2024
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Offer refund choice to users: Consumer panel to cab company

NEW DELHI: Central Consumer Protection Authority (CCPA) has directed ride-hailing platform Ola to offer a choice to customers to either opt for a refund directly in their bank accounts or a coupon that can be redeemed against booking another ride. It observed that only giving a coupon is “unfair trade practice“.The authority also instructed the […]

Top headlines
October 13, 2024
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U.S. officials say Israel has narrowed down its targets for strike on Iran

Keithbinns | E+ | Getty Images U.S. officials believe Israel has narrowed down what they will target in their response to Iran’s attack, which these officials describe as Iranian military and energy infrastructure. There is no indication that Israel will target nuclear facilities or carry out assassinations, but U.S. officials stressed that the Israelis have not made a […]

Business
October 13, 2024
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SBI plans to enhance threshold limit under instant loan scheme for MSME sector

To ensure easy and adequate credit availability to the MSME sector, the State Bank of India (SBI) is planning to enhance the threshold under the instant loan scheme from the existing Rs 5 crore. ‘MSME Sahaj – End to End Digital Invoice Financing‘, provides solutions ranging from applying for the loan, documentation and disbursement of […]

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October 12, 2024
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Chinese finance minister hints at increasing the deficit at highly anticipated briefing

Lan Fo’an, China’s finance minister, center, speaks as Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), left, and Pan Gongsheng, governor of the People’s Bank of China (PBOC), listen during a news conference on the sidelines of the National People’s Congress in Beijing, China, on Wednesday, March 6, 2024. Bloomberg | Bloomberg […]

Top headlines
October 11, 2024
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Rupee breaches 84 as oil prices, foreign outflows put strain

MUMBAI: The rupee breached the 84/dollar mark for the first time Friday, settling at 84.06, down 12 paise from Thursday’s close of 83.94. Opening at 83.98, the currency touched an intraday record low of 84.07.The breach of the 84 level is significant as RBI had defended this threshold for over two months. Friday’s intervention marked […]

Business
October 11, 2024
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Internship scheme: 193 companies post over 90,000 slots on portal

NEW DELHI: About 193 companies, ranging from Reliance Industries, Larsen & Toubro, Maruti Suzuki, Jubilant FoodWorks and Eicher Motors, have offered over 90,000 internships through the PM Internship scheme portal, which opens to applicants on Oct 12 evening.As of Friday, 90,849 internship opportunities have been posted by 193 companies, including major private sector players, sources […]

Business
October 11, 2024
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'India largest engineering centre for Qualcomm globally'

NEW DELHI: India has emerged as the largest engineering base for American semiconductor giant Qualcomm – bigger than even home market US – as the company rides on high-end local technical talent as well as affordable costs to develop solutions that are deployed across global markets.Such has been the success of the company’s work in […]

Business
October 11, 2024
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Boeing to cut 17,000 jobs as losses deepen during factory strike

Boeing 737 MAX airliners are pictured at the company’s factory in Renton, Washington, on Sept. 12, 2024. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. It will also delay […]